Monthly market pulse

April 2026 Google Ads Market Benchmarks:
Highlighting the biggest KPI shift in the market.

Illustration of smec Market Observer - the Google Ads Benchmarks

undefinedundefinedThe biggest movers

Highlighting the biggest KPI shift in the market last month.

Metric

Value

Trend

Context

Search Campaigns CPC

0.42€

+2.5%
MoM

Following the January–February slowdown, Standard Search campaign CPCs have increased by 2.5%. Standard Shopping and PMax CPCs remain flat month-over-month compared to March. 

Percentage of advertisers facing Temu competition

52.9% of advertisers in Europe

-20% MoM

In April, the percentage of advertisers facing Temu as a competitor in their ad auctions decreased to 52.9%, down from 66% in March. Meanwhile, the percentage of advertisers competing against Amazon increased by 4% over the same period.

PMax Click-Through Rate

1.63%

 +25% YoY

While Year-over-Year (YoY) impressions continue their downward trend, the decline in clicks has stabilized for PMax and Search campaigns. As a result, YoY Click-Through Rates (CTR) in April 2026 have increased across the board: PMax is up by 25%, Standard Shopping by 20%, and Search shows the largest gain at 29%.


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TEMU appears as competition for 52.9% of advertisers in April, down from a 66% presence in March. | smec
 

Monitor competitors like Temu 

 


 undefined Industry watch

April CPC per industry (Median data, Month-over-Month)

undefined Apparel / Accessories: +5.3%

undefined Home / Garden: +1.4% 

undefined Health / Beauty: -2.5%

Want to see how these trends impacted your specific industry?

Check out the live data in the smec Market Observer.